If it looks like a boutique-style apartment, probably it will set for another record. The housing market is just that crazy in HK. I heard that even during the recession, many rich citizens of mainland China are rushing to HK to buy the luxury condoes available in HK. Thanks to the pressure of increasing the currency (RMB) value, 1 RMB used to worth about 11 cents of U.S. dollar; now, 1 RMB can buy almost 16 cents of U.S. dollar, almost a 38% difference. Accordingly, those Chinese with a lot of cash can find many more bargins in the overseas housing market. Just like many European rushing to the East Coast to buy houses in Miami and Manhattan, those smart Chinese businessmen will not miss the great opportunity.

1:24 am May 31, 2011

Anonymous wrote:

Looks terrible. Like living in an 70's office building off an Ohio interstate.

HK is great, but I don't understand the property prices. How can this compare to NYC or London real estate? Is this a huge bubble, or do folks think these prices are sustainable?

This is the age of the noveau riche. So many tycoons have gotten rich so quick their good taste in everything hasn't had time to be refined so they spend that kind of money on property that doesn't even have a private pool and what's worse is your roof isn't privet either, as the last picture shows. They pay the money because the price has been manipulated to say "This uber expensive so it must be good".

12:46 pm June 1, 2011

Hong Konger wrote:

If you don't like this one, you should see the other real estate posted in this blog over the past months, this is one of the best !

This location is the equivalent of overlooking central park in Manhattan - that explains part of the price - The other factor is that HK real estate is due for a correction. The number "on the market" is a sure sign that it's topped out.

11:45 pm June 1, 2011

amendlmi9 wrote:

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@@@@If you don’t like this one, you should see the other real estate posted in this blog over the past months, this is one of the best !

7:58 am June 25, 2011

tiddle wrote:

gorgeous postcard views; crappy interior decor. whoever the interior designer (if the owner has indeed used one) should be fired.

by the way, don't expect to enjoy too much of the outdoor space. the mosquito thrives in the humid weather in hk, and u don't want to be donating blood to them. (trust me, u really don't.) when it rains, it pours like someone throwing buckets right atop u, like in the truman show. when the weather heats up, u want to stay cool in the AC indoor, because there's not much breeze and all u do is to sweat...and sweat some more. half of the time, pollution is so bad these days u can't even see much view.

so, how much do u really get out of this "most expensive unit in the world" is anyone's guess.

10:09 pm February 23, 2012

Zack wrote:

i would say mango sago, pikneg duck, under bridge spicy crab, thick toast, and then more mango sago. oh, and dim sum obvs.

9:46 pm June 12, 2015

anon wrote:

my aunty lives there
she is margaret cheung

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